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Sensex, Nifty regain positive zone amid volatility

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Volatility struck bourses in afternoon trade as key benchmark indices once regained positive zone led by index heavyweights and TCS. At 13:30 IST, the barometer index, the Sensex, was up 38.01 points or 0.11% at 33,918.26. The index was up 0.95 points or 0.01% at 10,403.20. Shares from capital goods and telecom sectors saw mixed trend.

Traders were cautious ahead of the earnings season beginning Friday with Infosys, and as the will release minutes of its 20-21 March 2018 meeting on Wednesday.

A steep rise in overnight also worried investors. Brent crossed $70 a barrel mark. In the global commodities markets, Brent for June 2018 settlement was down 26 cents at $70.78 a barrel. The contract surged $2.39 a barrel or 3.48% to settle at $71.04 a barrel during the previous trading session. in raises India's import bill as the country imports majority of its crude requirements.

Back home, after opening with minor gains, key indices tumbled in morning trade. Indices pared losses and were trading with small losses since mid-morning trade.

Among secondary barometers, the Mid-Cap index was down 0.15%. underperforming the Sensex. The Small-Cap index was up 0.17%, outperforming the Sensex.

The market breadth, indicating the overall health of the market, was negative. On BSE, 1,402 shares fell and 1,108 shares rose. A total of 133 shares were unchanged.

Capital goods stocks saw mixed trend. (Bhel) (up 1.97%), BEML (up 0.77%), (up 0.18%) and (up 1.15%) rose. (down 0.27%), (down 0.24%), (down 0.82%) and (down 0.82%) fell.

Telecom stocks saw mixed trend. MTNL (down 0.73%), (Maharashtra) (down 0.93%) and (down 0.65%) fell. (up 0.3%) and (up 0.47%) rose.

Shares of rose 0.64%. is a provider of and is a unit of

Overseas, European equities were trading with small losses in early trade taking their lead from a day of mixed trading in Asia, with traders failing to take any significant succour from new signs trade tension between the US and was easing.

China's factory inflation slowed for a fifth month while the consumer price index retreated from a four-year high. The price index rose 3.1% in March from a year earlier, compared with 3.7% in February. The consumer price index climbed 2.1%, the statistics bureau said Wednesday, versus 2.9% in February.

US stocks surged on Tuesday, 10 April 2018, thanks to a less-aggressive stance on trade taken by Chinese Xi's conciliatory comments on tariffs sent prices of risky assets such as global equities and commodities higher.

Chinese Xi said that plans to give foreign companies greater access to financial and He also talked about a cut in tariffs on and an improvement in protection of intellectual property, among other measures.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 13:35 IST
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